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Assignment 1
CONTRACT OF LEASE
1. To pay rentals at the rate of Php 12,000.00 within the first five days of
the month;
Howard Jose offered to sell his real property, located at Thrush Street,
Countryside Village, Phase III, Parañaque City, for Php3,200,000.00.
Ferdinand Mase expressed his willingness to purchase the real property.
However, Ferdinand Mase lacks sufficient fund to cover the whole
purchase price.
2. The balance and full payment shall be paid on or before February 7, 2020.
ACKNOWLEDGMENT
COMPROMISE
Bernardo Sales asserts a claim against STC based on issues arising from the
last company action against him. A complaint based on this claim is now
pending before the arbitration branch of the National Labor Relations
Commission, Regional Office IV, located in Calamba City, Laguna,
docketed as NLRC Case RAIV 82345-07.
Consequently, the parties agree to amicably settle the action and all matters
arising from the dispute. In consideration of the settlement, the parties
agree to the following:
1. STC will pay to Bernardo Sales Php50,000.00 upon the execution of this
agreement;
2. Bernardo Sales will execute a quitclaim against the company and its
officers; and
3. Bernardo Sales will commit not to do any act prejudicial to the interest of
the company, its branches, or its projects arising from or with respect to his
previous employment.
ACKNOWLEDGMENT
ACKNOWLEDGMENT